Madison County, IN · Sold

IN-254853

6423 County Road 347

$122,200

$7,265/ac · 16.82 ac

Offer report Market this tract

Acreage16.82 ac

Price per acre$7,265/ac

ZoningRecreational

Road accessDirt

UtilitiesOff grid

TopographyRolling

ListedJul 7, 2024

Coordinates40.0927, -85.7809

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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Madison County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Madison market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope8.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

836 ft of deeded road frontage.

Power8,818 ft away

A long utility run — price in solar/off-grid instead.

Buildable area15.96 of 16.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$116,481

$92,958 – $140,005 · $6,925/ac on 16.82 ac

Asking vs estimate

+4.9%

In line with the comp set

Weighted from 8 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $122,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$66,561

$3,957/ac · +30.0% target margin

You need $55,639 off asking to hit this margin.

All-in cost$72,219

Net resale$107,163

Projected profit$34,944

ROI+48.4%

Annualized+69.2%

Break-even resale$4,667/ac

Profit if resale lands off target

-20%

$13,512

-10%

$24,228

$34,944

+10%

$45,660

+20%

$56,377

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-404375 Dirt · Off grid	11.9	Nov 6, 2025	$81,900	6,882	6,858	8.5 mi	76
IN-803849 Landlocked · Off grid	8.1	Jul 27, 2026	$32,300	3,971	4,714	5.8 mi	76
IN-703939 Dirt · Off grid	8.7	Feb 1, 2026	$61,800	7,131	6,859	6.2 mi	74
IN-195421 Dirt · Off grid	25.4	Nov 15, 2023	$199,600	7,864	9,258	5.4 mi	73
IN-805317 Gravel · Off grid	23.5	Apr 27, 2025	$181,500	7,712	7,302	12.6 mi	68
IN-984246 Landlocked · Full utilities	10.8	Jun 12, 2025	$104,200	9,626	8,519	12.2 mi	66
IN-816509 Dirt · Off grid	55.8	May 13, 2025	$249,700	4,473	5,718	8.4 mi	63
IN-836438 Landlocked · Off grid	53.0	May 20, 2024	$193,100	3,642	6,054	8.0 mi	57

Show adjustment detail for the top comp

Tract size (11.9 ac → 16.82 ac)-3.5%
Market time (9 mo)+3.2%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.

Build the listing kit Post a deal or JV